In a report issued on December 17, Joseph Spak from RBC Capital maintained a Hold rating on Tenneco Automotive (TEN – Research Report), with a price target of $11.00. The company’s shares closed last Monday at $9.83.
According to TipRanks.com, Spak is ranked 0 out of 5 stars with an average return of -10.6% and a 56.9% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as American Axle, Dana Holding, and BorgWarner.
Tenneco Automotive has an analyst consensus of Hold, with a price target consensus of $8.75.
Based on Tenneco Automotive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.26 billion and GAAP net loss of $499 million. In comparison, last year the company earned revenue of $4.32 billion and had a net profit of $70 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock.
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Tenneco, Inc. engages in the design, manufacture, and distribution of engineered products for both original equipment vehicle manufacturers and the repair and replacement markets. It operates through the following segments: North America Clean Air; North America Ride Performance; Europe, South America, and India Clean Air; Europe, South America, and India Ride Performance; Asia Pacific Clean Air; and Asia Pacific Ride Performance. Its brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot for ride control products; and Walker, Fonos, DynoMax, Thrush, and Lukey for emission control products. The company was founded on April 1, 1940 and is headquartered in Lake Forest, IL.